Buying a Home: Do You Know the Lingo?

There definitely is a set lingo to the real estate business.  I found myself in this position last week, using phrases with one of my customers because to me it is part of my vernacular, only to have her look at me questioningly.  As Real Estate professionals we forget that although these words are used in our circles every day, customers who have not bought or sold a home in a long time are not savvy to the current lingo.  I have to make sure that I slow down and think about what I am saying and take care to make sure my customer understands.  This article will help get you up to speed with the lingo, but be sure to ask for clarification when involved in your real estate transaction.  YOU NEED TO KNOW WHAT IS GOING ON!

 

Courtesy of Keeping Current Matters 2019

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.
  • To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home.
  • The best way to ensure your home-buying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’

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